Alert For Jewellery Stock Watchers! Board of This Company Okays 1:5 Sub-Division of Shares; Check Stock Split

At its meeting on Monday, September 8, 2025, the Board of Directors of Mini Diamonds India Ltd, a small-cap company in the consumer discretionary sector, announced that it had authorized a 1:5 stock split. The company has been producing, importing, exporting, and trading jewellery and diamonds, both natural and lab-grown, for more than thirty years. With a current share price of Rs 164.35, Mini Diamonds India has a market capitalization of around Rs 387 Cr.

Mini Diamonds India Stock Split

The Board of Directors considered and approved "Sub-division/split of 1 (one) equity shares of the Company of face value of INR 10 (Indian Rupees Ten only) each fully paid-up into 5 (five) equity shares of face value of INR 2 (Indian Rupees Two only) each fully paid-up, held by the members of the Company as on the record date, subject to the approval of members through Postal Ballot. The Record Date for sub-division/split of equity shares shall be decided post approval of the members of the Company," said Mini Diamonds India in a stock exchange filing on Monday.

The aim of the stock split is to enhance the liquidity of the company's equity shares and to encourage participation of small investors by making equity shares of the company more affordable, as per Mini Diamonds India.

The company has announced a sub-division of its equity shares, reducing the face value of each share from Rs 10 to Rs 2. The authorized share capital would therefore grow from 3,00,00,000 shares at a value of Rs 10 each to 15,00,00,000 shares at a value of Rs 2. Likewise, the subscribed and paid-up share capital would be restructured from 2,35,69,116 shares at a price of Rs 10 each to 11,78,45,580 shares at a price of Rs 2.

The corporate action of sub-division of shares by Mini Diamonds is expected to be completed within three months, subject to obtaining the necessary approvals.

Business Update Of Mini Diamonds (India) For The Financial Year 2025-26 Till Date

Mini Diamonds (India) Limited has also announced the achievements and business updates during FY 2025-26 till date.

One of the company's latest accomplishments for the fiscal year 2025-2026 is the establishment of NamraJewels.com, a new e-commerce platform, in August 2025 by its subsidiary, Namra Jewels Pvt. Ltd., to increase its direct-to-consumer exposure. Additionally, the company expanded its footprint in the Middle East when it secured an order from AV Palace DMCC in Dubai for 1,000 pieces of lab-grown diamond jewelry made of sterling silver.

A major export order for cut and polished lab-grown diamonds worth USD 2.15 million (about Rs 18.30 crore) was also obtained by Mini Diamonds from a client in Hong Kong; the order is expected to be fulfilled in three months. Additionally, 3,750 new designs of lab-grown diamond jewelry in gold and sterling silver have been added to the company's design portfolio.

"Recent US tariff announcements are assessed to have a negligible impact on operating plans given the deliberate pivot toward the Middle East, South East Asia and the Far East. Strategy remains anchored in vertical integration from rough to retail, which provides tighter control over quality and timelines, allows faster innovation, and supports margin resilience via a balanced market mix. The Company continue to monitor policy developments closely," Mini Diamonds (India) said in a stock exchange filing.

Commenting on H2 outlook, Mini Diamonds (India) has informed stock exchanges that "With assured rough supply, a stronger polishing engine, a deeper design bank and a multi-channel go to market, the Company is positioned to convert a growing pipeline of domestic and international opportunities. Priorities for the near term include execution of the Hong Kong order within contractual timelines, ramping throughput under the supply program, and widening the Namra Jewels e commerce funnel through the festive season, while maintaining governance and disciplined capital allocation. Our organization expects to demonstrate improved cash conversion as the integrated model scales."

Mini Diamonds India Target Price

"Mini Diamonds India stock price is slightly bullish on the Daily charts with strong support at 160. A Daily close above resistance of 170 could lead to a target of 190 in the near term," commented A R Ramachandran, independent research analyst.

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